so for now, I guess I will refer to:
.05 = 5 bitcents
.10 = 10 bitcents
.25 = 25 bitcents
when offering promotions
millibits is more commonly used. Online gambling services like BitZino and others are all at the millibits denomination. Ogrr has been using millibits as its currency unit for trades there for quite some time. While bitcents isn't wrong, it probably isn't best. But hey, this is bitcoin Do what you want. - http://en.bitcoin.it/wiki/MilliBit |
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Simple transaction.
If you can't find a trade here what you can do is pay for Second Life Lindens (SLLs) using Skrill/Moneybookers at VirWoX. Then trade those SLLs for BTCs on their SLL/BTC market exchange: - http://www.VirWoX.com |
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There are plenty of possibilities.......... From another thread: Getting closer here I think.
Real close. So the encrypted paper wallet(s) go to family members. DeadMansSwitch gets the decryption key, as does the trustee. From another thread: I changed the colour to blue for encrypted paper wallets to provide distinction between encrypted/unencrypted paper wallets - a version in the original yellow is included in case you really like yellow, just delete 'note_encrypted.png' and rename 'note_yellow.png' in its place.  This solution (encrypted paper wallets) robably isn't ready for prime time, but give it a few weeks and that will probably become a very good method for offline / long term savings that is secure. |
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It's spreading.. I have a vps server for like 5 years now, with a hosting company ( tektonic). Yesterday, when I logged in to pay monthly bill, bitcoin was listed as payment method. Guess what payment method I used?!  That's great when a merchant you already use begins to accept bitcoin. There are so many VPS providers that accepting Bitcoin is might be one of those "base requirements" for a VPS provider to remain competitive. What is an opportunity that is being severely overlooked is for bricks and mortar businesses to become the first in their niche to accept bitcoins. Here it is, several weeks into 2013 and I still couldn't pay for a burger in the U.S. except from less than a half dozen restaurants that accept bitcoins, for instance. This is an opportunity for retailers to grab free media attention, save on transaction fees (versus payment cards) and grow their customer base (Bitcoiners will travel out of their way to try spending their coins for a 'real world'/bricks & mortar purchase.) Right now there is a growing amount of bitcoins that active gamblers have accumulated waiting for the emergence of merchants who accept bitcoins. There's going to be some merchants singing bitcoin's praises thanks to the customers they gain being the first mover in their industry. |
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The ability to at some point in the future bring that money back into circulation seems like it could get rid of that problem. "That problem" is not a problem to anyone except for the party who lost the funds. Or do you have a different opinion on that? |
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It says to sell on wednesday and buy back on Saturday right?
Not if you read the post one above yours. |
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Is there a point at which you'd experience performance degradation?
With versions of the client earlier than the yet unreleased v0.8 the Bitcoin.org client had to do a ton or work with each spend and used a database that wasn't a great fit for the job. With v0.8 the wallet.dat is still bdb, but a good chunk of the heavy lifting has been made easier by the switch to LevelDB. So this means the problem with having lots of addresses and transactions in the wallet experience with versions prior to v0.8 should drop significantly if not disappear entirely. I don't know if any benchmarks have been performed with v0.8 to know where the bounds are. Under versions prior to v0.8, having as few as a thousand addresses with transactions caused behavior to range from "sluggish" to "unacceptable", depending on your hardware. At some point in the future the Bitcoin.org client won't even use bdb whatsoever (not even for the wallet) anymore. |
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Ha, that's classic (having one thread asking if it is a pump and dump -- presumably to help convince others to sell, and in the other thread be advertising a buy offer ... in which the rate offered is above spot market rates even). |
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there was no wallet.dat on any of my bitcoin software anymore.
Windows hides by default the Application data directory so you won't see it unless unless you change the default settings for hidden directories and files. You can still navigate to and access the directory though: - http://en.bitcoin.it/wiki/Data_directory#Default_Location |
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So can you show me an example of someone that has used 2FA and has been rob? It still requires secure computing. If someone is sets up 2FA on a machine that has already been compromised or is compromised at a later time after setting up 2FA (e.g., where the QR code that was scanned by Google Authenticator remains in the browser cache and is then obtained by an attacker) then there still could be a loss. You also can't require 2FA cause not everyone has a smart phone, trust google, or can afford an yikuby key. There is a javascript implementation so simply accessing from a second device (e.g., another laptop, for example) works without it being a mobile device: But with $40 mobiles and $80 tablets coming (or decent $100 no-contract smartphone mobiles and $150 tablets here now), there are more and more people already having a device that works adequately for 2FA. |
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Since the minting of new coins is on a fixed schedule, would it make sense to count them all when doing a total valuation?
Time is the factor that matters. Consider two years out, there will be 2.6 million more bitcoins issued than exist today, or about 25% more coins. So it makes sense to discount the value two years from now by 25% to account for the currency inflation that will occur between now and then. So, if the total valuation is currently worth about $250 million USD, that means the market is valuing all bitcoins that will exist in two years at about $333 million USD (not including the carrying cost for those funds, so let's say $350 million). Now is Bitcoin total valauation worth $350 million? If Bitcoin only gaining traction for one tiny fraction of a giant market would cause it to have that valuation. Online gaming is one of those such markets. Remittance transfers is another. Over a year and a half ago, Rick Falkvinge described the level of potential and where it will likely occur: - http://falkvinge.net/2011/07/05/bitcoins-four-drivers-part-4-investment |
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I'd like to buy around .22 BTC with a prepaid credit card (that's about all I have left on it). Can I do this at an exchange like Bitcoin-24? I suppose I could just give someone the card details, too, but they'd have to trust me not to spend it.
About the only option available to you, where you pay with a prepaid debit card, would be VirWoX. Buy SLLs and pay using the prepaid card. Then convert those SLLs to BTCs on the SLL/BTC exchange. - http://www.VirWoX.com |
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I wonder if bitcoin would help solve amazon's problem by making any such laws unenforceable?
Amazon voluntarily entered agreements with the states to collect state sales taxes. Whether they accept for payment dollars or bananas (or bitcoins) wouldn't change the agreement they entered into. |
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The value of the Bitcoin money supply exceeds $250,000,000 USD for the first time.
A quarter billion here, a quarter billion there, pretty soon you're talking real money.  Now what I'm waiting on is for some merchant to credit Bitcoin for them having a really good quarter. Dwolla was what I figured would be the first to do that but they've since distanced themselves from Bitcoin. Maybe a ZipZap (a service BitInstant uses) or something like that. |
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I suppose if Bitcoin opens the floodgates for private currencies then this would be one of the alternatives that makes sense, but it is centralized and thus not in the same level as Bitcoin. If these market based experiments prove successful, Joule denominated currencies could eventually augment or replace today’s fiat currencies. A metabolic currency has unique characteristics compared to specie (gold) and fiat money, specifically that its backing medium can be converted into energy to power machines. Another benefit of metabolic currencies is that they are defined in terms of a measurable physical property. Whether Joule based notes are issued by private banks or public treasuries, the quality of these securities can be evaluated by verifying the energy reserves backing them.
- http://joulestandard.wordpress.com/timeline/I'm not sure there's much difference between holding this currency versus holding shares of a WTI crude ETF, for example. |
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The Joule Standard A currency issued with backing (energy units). During its early stages, this could be developed as an entirely private system, for example as the basis for an international payments network or as an alternate currency like Bitcoin. The conversion factors to translate Joules to and from various energy commodities are well known and can be independently verified. Private firms would issue notes denominated in Joules that are backed by corresponding amounts of energy commodities. These will be energy futures contracts, only denominated in metric units. Energy companies, commodities markets and technology entrepreneurs will be natural operators in this system. Most importantly, as projects like Bitcoin have demonstrated, this can be done by very small entrepreneurial companies in the early stages, allowing for rapid product development and innovation. There’s nothing stopping the person working on the next Paypal from doing this tomorrow. - http://www.resilience.org/stories/2013-02-06/the-joule-standard |
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So after running a martingale bot which is surprisingly not run my dry yet, I have 1500 confirmed transactions, and 0 unconfirmed. This has made my bitcoin-qt client lag for some reason and I cannot click the buttons at the top which say Transactions, etc. I still can minimize it though. I've restarted it a few times and nothing has worked. Note: It is in server mode and it needs to stay this way.
Ya, I think your options are better hardware, a new (empty) wallet, or v0.8. |
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3. Go to Netspend website, log in and go to PayBills tab and click on ExpressPayment. This allows you to send MoneyGram ExpressPayment Service online.
4. Where it asks for Receive code just punch in 9611 for zipzap or whomever you want to pay.
That's pretty awesome. Where do you acquire a NetSpend card / account? |
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